2243 E Lake RD NE, Atlanta, GA 30307
2243 E Lake RD NE, Atlanta, GA 30307
2243 E Lake RD NE, Atlanta, GA 30307
2243 E Lake RD NE, Atlanta, GA 30307
2243 E Lake RD NE, Atlanta, GA 30307
2243 E Lake RD NE, Atlanta, GA 30307
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$ 849,000
Est. payment | /mo

0.42 Acres Lot


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$ 849,000
Est. payment | /mo
Save

0.42 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Druid Hills

MLS Listing ID 7833644

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1925

Annual Tax Amount $10,094

Tax Year 2025

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Triplex

Source First Multiple Listing Service

Property Description

FANTASTIC INVESTMENT OPPORTUNITY TO OWN AN INCOME PRODUCING TRIPLEX IN HISTORIC DRUID HILLS OR CONVERT INTO SINGLE FAMILY HOME! Projected combined rents of approximately $6,000 per month provide potential gross rental income of $72,000 annually. Recent renovations include new concrete driveway and parking pad, full total renovation of the ADU loft in the back. This charming 1920's traditional ranch with a rocking chair front porch and sidewalk that takes you to Oakhurst Village or Olmsted Linear Park, Fernbank Museum, Fernbank Elementary, Druid Hills Golf Club and many other parks. This hot, in-town location is ideal! Only minutes to Emory, CDC and much much more! Find many original stunning features such as original crown molding and hardwood floors, built in cabinetry, door knobs and fantastic 12' ceilings. Large private backyard. This triplex offers 2 bedroom/1 full bath spacious unit, one 1 bed/1 bath unit and a separate Studio/Tiny House on the rear of the property. All units with private entrances. Each unit has its own washer and dryer. Parking spaces located in the rear of the property for all the units. Gas and Electric are 3 separate meters and water is 1 meter for the property.

Unit A (front): Tenant occupied - 2/1 is the largest and includes a decorative fireplace, hardwood floors, living room, reading nook or small office area, dining area, renovated modern kitchen with shaker cabinets and quartz countertops, 2 bedrooms and a full updated bath. Unit features original crown molding and hardwood floors, built in cabinetry, some original door knobs and fantastic 12' ceilings give this property lots of charm.
Unit B (front): Tenant occupied - 1/1 includes a modern new renovated kitchen with white shaker cabinets and quartz countertops and stainless steel appliances, full updated bath, spacious bedroom with hardwood floors, a light-filled bright unit with lots of light through large windows. Hardwood floors, built in cabinetry and original door knobs and fantastic 12' ceilings give this unit fantastic charm. Unit C: Located on the rear of the property.
Unit C - Large Loft ADU (back): Vacant - 1/1 total renovation including new stairs and wrought iron railing, newly refinished hardwood floors and large new windows that flood the space with natural light. The modern new kitchen boasts stainless steel appliances, quartz countertops, and ample cabinetry for storage. Loft bedroom is upstairs. Bathroom has towel warmer and heating rack, vanity mirror with built-in lights, smart Toto toilet, frameless shower room door and brand new washer and dryer.

All written Lease Agreements available for occupied units. Convert to a single family home, live in one unit and rent the other two. Or use it as an investment property and collect rent.

Location

State GA

County Dekalb

Area Druid Hills

Lake Name None

Interior

Heating Central

Cooling Ceiling Fan(s), Central Air, Ductless

Flooring Luxury Vinyl, Wood

Window Features None

Exterior

Parking Features Driveway, Level Driveway, Paved

Fence Back Yard, Wood

Community Features None

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Waterfront Description None

View Y/N Yes

View City

Roof Type Composition

Accessibility None

Handicap Access None

Total Parking Spaces 3

Private Pool false

Building

Lot Description Level

Story One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Cement Siding

Construction Status Updated/Remodeled

Schools

Elementary Schools Fernbank

Middle Schools Druid Hills

High Schools Druid Hills

Others

Senior Community no

Tax ID 15 237 04 008

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

First Multiple Listing Service(FMLS)
Listed by Realty Hub, LLC

Nearby Locations

Deborah Weiner
Deborah Weiner

Realtor-Owner

+1(678) 628-8865 | deborahweiner@northatlantahometeam.com

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2243 E Lake RD NE